U.S. Supreme Court Again Reduces Punitive Damages in ExxonRaymond Mariani
October 24, 2008 — 346 views
This Alert reviews the Exxon Valdez oil spill decision, the latest case from the U.S. Supreme Court to review a punitive damage award for appropriate amount and ratio to compensatory damages. While the decision is limited by its terms to maritime cases, the court went on to address much broader policy concerns. We discuss the implications that the opinion raises for further restrictions on punitive damage awards in tort cases generally.